Jacob King|Dec 01, 2025 21:28
Strategy’s confidence in being a Bitcoin bull is collapsing.
They sold 8.2M shares for $1.5 billion in cash. They’re essentially bailing themselves out by diluting existing shareholders. Meanwhile, they only bought a measly $11.7 million in BTC.
To put it into context, that’s the same as buying $1,500 worth of bananas and $12 of oranges, then claiming, “See? I’m bullish on oranges!”(Jacob King)
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